It is a great way to start, you will make income off of owning the property and renting it as well as building equity.

He is now an equity partners in 7 of our properties.

Also it would depend on which party in the transaction your court tends to favor

So because of that im looking to buy my dad's land and build a duplex on it, one of my uncle has been doing this for around 8 years and already has 6 duplexes built, he's getting negative cash flow or break-even if lucky on his units, ive heard cash flow is important when buying rentals units but all he get is pretty much 50k-100k equity when built and mortgage pay down from his tenants and good appreciation, is it worth it for me to build a new duplex if i need to withdraw 100-200$ a month to pay for my negative cash flow each month?

We both can get mortgages in our names and as long we finance the same amount of properties/loans, we should be 50-50 partners, meaning that all equity and cash flow  as well as expenses/tax liability gets halved.Here are the questions:1.

The equity, the convenience that its super close to me, the experience, and my confidence that this area seems to have a good outlook in its potential growth and if I’m being honest a 300 dollar payment for a potentially 500,000 house doesn’t seem bad at all.

You could also bring on an equity partner if you know someone that could help you with extra cash.Keep looking and something better will present itself soon enough.

A referal would be much appreciated, and I can return the favor by letting said referal that you sent me.

It could be your own cash reserves or a private loan or equity in another property - doesn't matter. 

Or should I be more focused on building more equity in my house.